Newbie requiring help Stealth PayPal and HSBC

tad · #1 02-02-2012

Hello all,

I have recently started a business and will be opening a business banking account in the coming day. Is there a way to work Stealth with a PayPal business account and link it with HSBC business account? I notice that PayPal ask for an owner of the business OR a person from the business who will be using the PayPal account (once opening account it states this). My business address is different from my home address and obviously bank account details will be different from my personal bank account details. I myself, have been limited for 180 days back in November so still around 3 months to go. Anyone done this before and know what information PP ask for to lift the limits on the account too? Will it be personal or business info?

Would appreciate any help at all, im a newbie to all this and I see there is a lot of highly experienced people around these forums. (you are all doing a wonderful job, a much needed service for many)

GrannyT · #2 02-02-2012

You should be fine - hsbc is OK to work with from what I read.

Regarding information for Paypal I'm afraid there is no set agenda. I find they tend to ask for business information rather than personal information but I then run Ltd. companies. I have 3 personal accounts bubbling but this is fairly new to me.

tad · #3 02-02-2012

Thanks, a bit of reassurance that I was looking for. I will have to set up a non-existing entity to be the "contact person" for the business account and take things from there it seems.

rsot · #4 02-02-2012

Be careful of using ⊗⊗⊗⊗ info with banks - especially when it comes to business accounts.

oompaloompa · #5 02-02-2012

Quote:

Originally Posted by tad

Thanks, a bit of reassurance that I was looking for. I will have to set up a non-existing entity to be the "contact person" for the business account and take things from there it seems.

you mean for paypal or the bank? which

tad · #6 02-02-2012

Quote:

Originally Posted by oompaloompa

you mean for paypal or the bank? which

For PayPal, as far as I know the PayPal only requires business bank account details and not personal details?

rsot · #7 02-02-2012

Ah ok for pp then.

vany · #8 02-02-2012

you can do that with pp... best of luck & keep us posted

tad · #9 02-02-2012

Quote:

Originally Posted by vany

you can do that with pp... best of luck & keep us posted

Thanks, just waiting on a call from the man at HSBC to begin proceedings. Im eager to try this out myself. Will keep you all posted.